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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net earnings $ 731 $ 663
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 32 141
Increase in deferred policy acquisition costs (37) (29)
Increase in policy liabilities 919 835
Change in income tax liabilities (367) (156)
Realized investment (gains) losses (73) (13)
Other, net 126 19
Net cash provided (used) by operating activities 1,331 1,460
Securities available for sale:    
Fixed maturities sold 266 484
Fixed maturities matured or called 408 66
Perpetual securities matured or called 35 156
Securities held to maturity:    
Fixed maturities matured or called 277 85
Costs of investments acquired:    
Available for sale fixed maturities acquired (1,911) (1,442)
Available for sale equity securities acquired (364) 0
Other investments, net (123) (7)
Settlement of derivatives, net 273 (1,983)
Cash received (pledged or returned) as collateral, net (189) 503
Other, net (159) 60
Net cash provided (used) by investing activities (1,487) (2,078)
Cash flows from financing activities:    
Purchases of treasury stock (612) (610)
Proceeds from borrowings 0 989
Dividends paid to shareholders (167) (165)
Change in investment-type contracts, net 45 84
Treasury stock reissued 7 13
Other, net (39) 11
Net cash provided (used) by financing activities (766) 322
Effect of exchange rate changes on cash and cash equivalents 21 1
Net change in cash and cash equivalents (901) (295)
Cash and cash equivalents, beginning of period 4,350 4,658
Cash and cash equivalents, end of period 3,449 4,363
Supplemental disclosures of cash flow information:    
Income taxes paid 779 517
Interest paid 54 47
Noncash interest 12 36
Impairment losses included in realized investment losses [1] 14 6
Capital lease obligations incurred (1) 0
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 8 8
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 6 6
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 4 $ 4
[1] Includes $14 and $6 for the three-month periods ended March 31, 2016 and 2015, respectively, from change in intent to sell securities